Thursday, January 23, 2014

CPF minimum sum for July 2014 [Predicted]

With the inflation amount released, I am now able to give my estimate for the CPF minimum sum for July 2013 like what I did last year.

"And the CPF mimimum sum for July 2014 will be...."

*** Drums roll ***

$154800 !

How do I arrive at this number?
The CPF minimum sum changes every July and there are 2 factors that affect the CPF minimum sum:
1) inflation rate
2) the target of 120k (in 2003 dollars) that is to be reached in July 2015.

There are still 2 more years to hit the 120k (in 2003
dollars) target. If we spread out this increase evenly over the next 2
years, we will see an increase of 2500 in 2003 dollars each year.

With this, my calculation for July 2014 CPF minimum sum is as follows: